Credentials? Do you mean like yours? A new ID created today, with 2 posts? I have been a poster here since 2010, and 2012 on IHUB with over 2,000 combined messages regarding Fannie Mae and Freddie Mac. I have posted HUNDREDS of links of data on IHUB (not permitted on Yahoo) and hold a huge market position in FNMAS preferred shares.
I don't make any false statements. The only outrageous ones I make are when the TRUTH regarding this ridiculous, greed-driven litigation circus is outrageous, in and of its own right.
If you want to talk credibility, come back in a few years after posting thousands of messages and maybe I'll bother with you then.
Only a total jack-ars puts words in my mouth and then asks me to defend them.
The government has no business being in real estate and it has no business being in banking.
The United States is based on a capitalistic, free market economy. The government has a constitutional duty to regulate commerce, not conduct it.
My statement on less than healthy Fannie Mae profits shows an absolute and total conviction that stupid Investors Unite videos that make OUTRAGEOUS lies like "most profitable companies in the world over the last 3 years" need to be exposed for the total #$%$ they are.
I had a death threat made against me, yesterday. Commonplace practice on this message board. Why do YOU use an alias? Oh, YOU'RE SPECIAL!
That's exactly right. All of Fannie Mae's metrics are "just paper numbers" and not real numbers. Finally somebody gets it. Talk about risk. Some of the world's largest financial enterprises and their entire income basis is a 3-card Monty scam.
Nothing but DTAs and derivatives. All garbage and totally unsustainable.
Did the order say the judge would release all documents through the New York Times? Did the order say unredacted personal data like personal e-mail addresses could be spread via photo-bombing on Twitter? The only preliminary order she issued covered the original 7 documents. There is no order or release for any other documents.
JMHO. Mistrial coming. This is a COURT proceeding, not a media circus.
Derivatives are like cancer on the income statement. They are like the opioid drug of making numbers with no genuine financial gain from going operations.
Derivatives are the latest "new normal" of GSE financial engineering in the post CDO era.
Of course, most posters here don't comprehend what either derivatives or CDOs are, so why waste my breath. Betcha Bob Corker knows, though. Betcha Peter Wallison knows. Betcha Prof. Anthony Sanders knows. Betcha James Parrot knows. Betcha Tim Geithner knows. Betcha Hank Paulson knows. Betcha Ed Demarco knows. Betcha Tim Howard knows but won't comment for fear of impairing his defense fund. Betcha Mel Watt isn't sure, and won't comment until Lew tells him what to say.
Fannie & Freddie paid back the original $187 billion? Whoop-de-doo. And its all pure, unadulterated crappola.
See, the $187 billion carried a 10% dividend obligation = $18.7 billion for each year. So that interest-bearing amount must be ADDED to the original bailout funds total to reveal the total obligation owed taxpayers.
The "we paid it back" and "we overpaid by $ billions" garbage in all these self-serving videos is just more bullshlt. Plenty of that being spread by these plaintiff actions. PLENTY.
More "Wild West" accounting. But who cares. There's always the taxpayer to bail you out.
It's just like I posted earlier, today, about the fat guys in the moronic video, When you back out the DTAs that kited 2013 Fannie & Freddie income statements, they really have not been all that profitable. And the one year of "big" numbers paid/repaid to Treasury was almost all money they normally would have paid in taxes, anyway, so it isn't really a bonafide payback at all.
I keep saying it. The TREND IS NOT YOUR FRIEND.
The stupid video goes to great lengths to comment on the recently revealed documents. But there is no record of the documents ever being released by the court. Where is the order signed by Judge Sweeney that released them? Anyone publicizing formerly sealed documents without court approval may, actually, have a whole lot of horseshlt on THEIR chins.
I'm not sure if that is a sarcastic reference to North Korean or Iranian imprisonment penchants or not, but Russia is not at all secretive about most things if you are on a hosted, pre-arranged visit. It is a much more open society than most people presume, and the Russian people are actually very warm to Americans unless you have some political agenda. I have a good friend who married a Russian gal and both families travel without restrictions both here and over there.
Most of my picture taking will be in The Hermitage... a true, world treasure of almost unimaginable artistic beauty. Could spend a week there and not see it all.
That video is complete horseshlt. All the two fat guys need is Chumley to qualify as The New Three Stooges. The numbers are contrived. "Two of the most profitable companies in the world over the last 3 years" ... yeah, sure... if you include $68 billion in DTAs in 2013 that were money swept as "profit" because they were not paid as taxes. The profit numbers for both GSEs over the last 5 quarters is nothing to indicate any ability to build reserves or sufficient capital buffers.
But the full court press continues. There seems to be no limit to how much money plaintiff groups will spend on videos, lobbying campaigns, blogs, meetings, conference calls, websites, academic support papers and, of course, the most expensive attorney teams that money can buy?
Sure seems like somebody is spending big to score big.
I read that the short list was Corker, Rick Scott from Florida and Christie. Everyone else else turned him down on even being vetted.
How are 25 plaintiff groups with different agendas, several of which want virtually the whole enchilada for themselves, only, going to agree on anything?
At the early onset of the crisis, 5 million homes were lost to American families. The crime would have been for government to do nothing and let this number rise to 20 million foreclosures.
I will be doing boots on the ground research throughout the month of June, primarily focused on Belgium, Estonia and Poland. Also opportunities in Western Russia where no pipeline access reaches St. Petersburg. Will report back upon my return.
NBC News just did n interview with Senator Corker and his meeting, yesterday, with Donald Trump. Interesting that Corker flew to NYC for the meeting. He was asked directly about the VP slot and replied "I have no reason to believe I am being considered as Vice President." That is politco-speak for I'm good to go, if chosen. Everybody else except Chris Christie has flat turned down the prospect with a no-how/no-wayresponse to press inquiries. Even Sarah Palin said no.
Corker makes geographic sense, being from the South (unlike Christie... hard to imagine a NY/NJ based ticket). He also makes fiscal conservativism sense, cozy with Paul Ryan and the Tea Party rabble. Hate to say it, but Corker may be the only known player willing to actually accept the role on the VP undercard.
I have all sam ID's on ignore. My time is more important to me than reading endless, largely bumped and repeated, obscenity and insanity-laced messages from a jerk. Same with chessmaster315.
Preferreds seem immune to short/long parlays and exhibit few volume spike days. Makes trendlines more sustainable and less victim to daytrading and market maker manipulation.